Autodesk results a potential negative for Adobe, says JMP Securities

theflyonthewall.com

JMP Securities views Autodesk's (ADKS) weaker than expected Q3 revenue as a potential negative for Adobe (ADBE) since Adbobe is going through a similar transition from desktop to cloud software as Autodesk. The firm keeps an Underperform rating on Adobe with a $26 price target.

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